Tag: cobalt price

The recent price adjustment in the cobalt market represents a logical and short-term correction to the heightened speculative activity earlier this year, says Eurasian Resources Group (ERG) CEO Benedikt Sobotka. Cobalt metal prices jumped in excess of 120% between 2016 and 2017, a sign of strong underlying fundamentals. But the first quarter of this year ...

A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which stabilises and extends the life of lithium-ion rechargeable batteries. However, ...

The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it is used in rechargeable lithium-ion ...

Analysts at Citi Research are optimistic on the outlook for cobalt. In a commodities outlook report dated May 14, 2018, Citi Research said Cobalt prices are set to rise by a further 20% over the next two years on the back of a sustained deficit market and anticipated stock building on the back of high ...

Wall Street is aghast at Elon Musk’s dismissive attitude toward analysts’ probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that’s been vexing the mining industry. Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, ...